Canadian Medical Marijuana & Cannabis Industry News

Ontario raises LP affiliation limit to 25%, opens cannabis retail market

Ontario will begin accepting cannabis store applications in January, with authorizations starting at about 20 per month beginning in April, the province’s Ministry of the Attorney General announced Thursday. The province did not say how the 20 stores will be allocated among the hundreds of operator license applications expected to flood into the Alcohol and […]

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MJBizCon 2019 panelists shine spotlight on new and evolving US and global cannabis business opportunities

LAS VEGAS – How might the Canadian cannabis market fare in 2020? What will happen with the SAFE Banking Act in the U.S. Congress? How are U.S. cannabis operators complying with marijuana regulations across multiple states? Those issues and others were among the many U.S. and international cannabis business topics tackled during the second day […]

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CIBC: ‘Indiscriminate’ cannabis selloff should start to shift in 2020

The cannabis stock meltdown that erased $49 billion in enterprise value this year should begin to shift in 2020 as the industry leaders separate themselves, one of Canada’s largest investment banks forecasts. A new CIBC World Markets report by John Zamparo, director of institutional equity research, called this year’s “rationalization” of marijuana stock prices inevitable. “Even […]

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New York Stock Exchange warns cannabis producer CannTrust its listing in danger

CannTrust Holdings said the New York Stock Exchange has notified the Canadian marijuana producer that its stock price had fallen below the $1-a-share threshold required to continue trading on the Big Board. The Vaughan, Ontario-based company said in a news release it has six months to regain compliance. In the meantime, CannTrust’s stock, which trades […]

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Canopy Growth hires ex-Constellation exec David Klein as CEO

Canada’s largest cannabis company by revenue has appointed David Klein as its new CEO, effective Jan. 15, 2020. Klein will be based out of Canopy’s headquarters in Smiths Falls, Ontatio. Klein currently serves as Canopy Growth’s board chair and chief financial officer (CFO) at Constellation Brands, which became the company’s largest shareholder earlier this year. […]

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Alberta weighs legal changes for marijuana vape market

Findings from Alberta’s smoking law review could lead to legislative or regulatory changes involving cannabis vaping – though the analysis is not specifically aimed at cannabis – the Treasury Board and Finance ministry told Marijuana Business Daily. The review, which started in October, is being conducted because Alberta’s current legislation does not address vaping or […]

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One of Canada’s oldest cannabis producers seeks creditor protection

Two federally regulated cannabis companies, including one of the earliest licensed producers in Canada, sought creditor protection this week. Wayland Group on Monday said it is seeking creditor protection to pursue restructuring and consider financing arrangements. Wayland subsidiary Maricann became the 19th licensed producer in Canada by receiving its federal approval in early 2014. NVS […]

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Canadian provinces erect barriers for regulated cannabis vape market

Another Canadian province established hurdles for the legal sale of marijuana vape products weeks ahead of their rollout across the country. Newfoundland and Labrador joined Quebec this week in banning the products, while British Columbia earlier said it’s raising its sales tax on legal oil and dried flower vapes to 20%. All three provinces cited severe […]

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Aphria Diamond cost creeps higher as first marijuana sales pushed to March

Federally regulated cannabis producer Aphria expects the first harvest from its Diamond facility in Leamington, Ontario, to be sold to provincial wholesalers in March, capping off a year-plus delay from when shipments were initially expected to start. Aphria expected Diamond to be completed in time for its first sale in January 2019 – a goal long-since abandoned – […]

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Aurora Cannabis products unavailable in Germany until further notice

Aurora Cannabis’ medical marijuana products are temporarily unavailable in Germany pending a review by health authorities of “a proprietary step” in the Alberta company’s production process, a spokesperson confirmed to Marijuana Business Daily. MJBizDaily corroborated the products’ unavailability with several German pharmacies “until further notice.” According to the pharmacies, the reason is related to a […]

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